VTEAX vs. VWITX
Compare and contrast key facts about Vanguard Tax-Exempt Bond Index Fund Admiral Shares (VTEAX) and Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares (VWITX).
VTEAX is managed by Vanguard. It was launched on Aug 25, 2015. VWITX is managed by Vanguard. It was launched on Sep 1, 1977.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VTEAX or VWITX.
Key characteristics
| VTEAX | VWITX | |
|---|---|---|
| YTD Return | 1.35% | 1.63% |
| 1Y Return | 6.94% | 6.86% |
| 3Y Return (Ann) | -0.30% | 0.11% |
| 5Y Return (Ann) | 1.23% | 1.45% |
| Sharpe Ratio | 2.24 | 2.42 |
| Sortino Ratio | 3.33 | 3.76 |
| Omega Ratio | 1.53 | 1.57 |
| Calmar Ratio | 0.88 | 1.02 |
| Martin Ratio | 8.85 | 9.58 |
| Ulcer Index | 0.80% | 0.72% |
| Daily Std Dev | 3.15% | 2.86% |
| Max Drawdown | -12.74% | -11.56% |
| Current Drawdown | -1.61% | -1.26% |
Correlation
The correlation between VTEAX and VWITX is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
VTEAX vs. VWITX - Performance Comparison
In the year-to-date period, VTEAX achieves a 1.35% return, which is significantly lower than VWITX's 1.63% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VTEAX vs. VWITX - Expense Ratio Comparison
VTEAX has a 0.09% expense ratio, which is lower than VWITX's 0.17% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
VTEAX vs. VWITX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Tax-Exempt Bond Index Fund Admiral Shares (VTEAX) and Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares (VWITX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
VTEAX vs. VWITX - Dividend Comparison
VTEAX's dividend yield for the trailing twelve months is around 3.07%, more than VWITX's 2.96% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTEAX Vanguard Tax-Exempt Bond Index Fund Admiral Shares | 3.07% | 2.75% | 2.06% | 1.61% | 1.97% | 2.28% | 2.24% | 0.34% | 0.00% | 0.00% | 0.00% | 0.00% |
VWITX Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares | 2.96% | 2.71% | 2.43% | 2.08% | 2.32% | 2.61% | 2.81% | 2.73% | 2.81% | 2.89% | 3.05% | 3.19% |
Drawdowns
VTEAX vs. VWITX - Drawdown Comparison
The maximum VTEAX drawdown since its inception was -12.74%, which is greater than VWITX's maximum drawdown of -11.56%. Use the drawdown chart below to compare losses from any high point for VTEAX and VWITX. For additional features, visit the drawdowns tool.
Volatility
VTEAX vs. VWITX - Volatility Comparison
Vanguard Tax-Exempt Bond Index Fund Admiral Shares (VTEAX) has a higher volatility of 1.62% compared to Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares (VWITX) at 1.38%. This indicates that VTEAX's price experiences larger fluctuations and is considered to be riskier than VWITX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.